Deutsche Bank reiterated their buy rating on shares of BAE Systems (LON:BA) in a report released on Friday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also recently issued reports on BA. Barclays reaffirmed an equal weight rating and issued a GBX 550 ($7.19) price objective on shares of BAE Systems in a research report on Monday, September 9th. UBS Group reaffirmed a neutral rating on shares of BAE Systems in a research report on Thursday, September 12th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 530 ($6.93) price objective on shares of BAE Systems in a research report on Wednesday, July 17th. Finally, Berenberg Bank upped their price objective on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BAE Systems has an average rating of Buy and a consensus target price of GBX 598.11 ($7.82).
BA stock traded down GBX 4.40 ($0.06) during midday trading on Friday, hitting GBX 579.60 ($7.57). The company’s stock had a trading volume of 4,483,730 shares, compared to its average volume of 9,870,000. The company has a market cap of $18.56 billion and a PE ratio of 14.00. BAE Systems has a 12 month low of GBX 439.40 ($5.74) and a 12 month high of GBX 590.80 ($7.72). The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 90.79. The firm’s 50-day moving average is GBX 560.48 and its 200-day moving average is GBX 520.78.
About BAE Systems
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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